Name:   copperline - Subject:   Quote of the day Date:   10/3/2016 4:05:41 PM

Nope.   Trump's use of losses to offset income was completely legal, though you'd have to also call it unscrupulous.  

But just how did he arrive at that $1 billion dollar loss figure?  Why is is legal for him to write off losses in real estate transactions (following his bankruptcy) and use those losses to offset personal income from non-real estate earnings (like TV shows, World Wrestling Foundation appearances, etc)?     When I have had losses (from the stock market), I could not write those losses off against earned income... only capital gains.... makes me think Trump's use of the tax code is pretty much the domain of the superwealthy, not anyone else.

All that aside, what Trump did was legal.

But then so is having more children in order to increase child welfare checks (an accusation often used against welfare moms), or claiming your sister & her kids live in your home when they visit regularly (to increase food stamp allowances), or trading meat & cheese purchased with your EBT card for beer & cigarettes in the parking lot.   

All of that is legal, too.